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A company estimates that it will need $58,000 in 9 years to replace a computer. If it establishes a sinking fund by making fixed
A company estimates that it will need $58,000 in 9 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 5.1% compounded monthly, how much should each payment be? The amount of each payment should be $ (Round to the nearest cent.)
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Mathematical Applications For The Management, Life And Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
12th Edition
978-1337625340
